Euro up as US$ retreats and Fillon wins primary

London

THE US dollar extended its losses on Monday, retreating from its highest levels since 2003 as US Treasury yields eased from recent peaks.

The greenback had surged more than 4 per cent against a basket of currencies in the wake of Donald Trump's shock victory in the US elections, with investors reckoning a Trump administration would see an expansion of fiscal policy, boosting inflation and pushing up interest rates.